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Securities (Tables)
6 Months Ended
Jun. 30, 2020
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]  
Amortized Cost and Fair Value of Debt Securities Available for Sale

 

 

 

June 30, 2020

 

 

December 31, 2019

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

 

 

Securities Available for Sale

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

(in thousands)

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

U.S. Treasury and government agency securities

 

$

142,265

 

 

$

6,351

 

 

$

 

 

$

148,616

 

 

$

98,320

 

 

$

652

 

 

$

300

 

 

$

98,672

 

Municipal obligations

 

 

239,922

 

 

 

14,764

 

 

 

 

 

 

254,686

 

 

 

242,016

 

 

 

7,789

 

 

 

 

 

 

249,805

 

Residential mortgage-backed securities

 

 

2,007,247

 

 

 

70,089

 

 

 

13

 

 

 

2,077,323

 

 

 

1,910,909

 

 

 

20,268

 

 

 

7,020

 

 

 

1,924,157

 

Commercial mortgage-backed securities

 

 

1,726,091

 

 

 

132,398

 

 

 

 

 

 

1,858,489

 

 

 

1,570,765

 

 

 

19,880

 

 

 

4,178

 

 

 

1,586,467

 

Collateralized mortgage obligations

 

 

574,779

 

 

 

10,158

 

 

 

115

 

 

 

584,822

 

 

 

807,600

 

 

 

3,757

 

 

 

3,142

 

 

 

808,215

 

Corporate debt securities

 

 

8,000

 

 

 

225

 

 

 

19

 

 

 

8,206

 

 

 

8,000

 

 

 

21

 

 

 

33

 

 

 

7,988

 



 

$

4,698,304

 

 

$

233,985

 

 

$

147

 

 

$

4,932,142

 

 

$

4,637,610

 

 

$

52,367

 

 

$

14,673

 

 

$

4,675,304

 

 

Amortized Cost and Fair Value of Debt Securities Held to Maturity

 

 

June 30, 2020

 

 

December 31, 2019

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

 

 

Securities Held to Maturity

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

(in thousands)

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

U.S. Treasury and government agency securities

 

$

 

 

$

 

 

$

 

 

$

 

 

$

50,000

 

 

$

3

 

 

$

 

 

$

50,003

 

Municipal obligations

 

 

624,717

 

 

 

43,718

 

 

 

16

 

 

 

668,419

 

 

 

641,019

 

 

 

27,146

 

 

 

69

 

 

 

668,096

 

Residential mortgage-backed securities

 

 

26,138

 

 

 

1,412

 

 

 

 

 

 

27,550

 

 

 

29,687

 

 

 

883

 

 

 

 

 

 

30,570

 

Commercial mortgage-backed securities

 

 

550,715

 

 

 

53,136

 

 

 

 

 

 

603,851

 

 

 

539,371

 

 

 

12,474

 

 

 

581

 

 

 

551,264

 

Collateralized mortgage obligations

 

 

248,091

 

 

 

5,682

 

 

 

 

 

 

253,773

 

 

 

307,932

 

 

 

3,597

 

 

 

458

 

 

 

311,071

 



 

$

1,449,661

 

 

$

103,948

 

 

$

16

 

 

$

1,553,593

 

 

$

1,568,009

 

 

$

44,103

 

 

$

1,108

 

 

$

1,611,004

 

 

Available for Sale Securities [Member]  
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]  
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

 

Debt Securities Available for Sale

 

Amortized

 

 

Fair

 

(in thousands)

 

Cost

 

 

Value

 

Due in one year or less

 

$

16,304

 

 

$

16,436

 

Due after one year through five years

 

 

179,035

 

 

 

191,064

 

Due after five years through ten years

 

 

1,874,212

 

 

 

2,006,374

 

Due after ten years

 

 

2,628,753

 

 

 

2,718,268

 

Total available for sale debt securities

 

$

4,698,304

 

 

$

4,932,142

 

 

Securities with Unrealized Losses

 

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2020

 

Losses < 12 months

 

 

Losses 12 months or >

 

 

Total

 

(in thousands)

 

Fair

Value

 

 

Gross

Unrealized

Losses

 

 

Fair

Value

 

 

Gross

Unrealized

Losses

 

 

Fair

Value

 

 

Gross

Unrealized

Losses

 

U.S. Treasury and government agency securities

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Municipal obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

 

2,096

 

 

 

10

 

 

 

542

 

 

 

3

 

 

 

2,638

 

 

 

13

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collateralized mortgage obligations

 

 

47,153

 

 

 

115

 

 

 

 

 

 

 

 

 

47,153

 

 

 

115

 

Corporate debt securities

 

 

781

 

 

 

19

 

 

 

 

 

 

 

 

 

781

 

 

 

19

 



 

$

50,030

 

 

$

144

 

 

$

542

 

 

$

3

 

 

$

50,572

 

 

$

147

 

 

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

Losses < 12 months

 

 

Losses 12 months or >

 

 

Total

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

(in thousands)

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

U.S. Treasury and government agency securities

 

$

28,235

 

 

 

300

 

 

$

 

 

$

 

 

$

28,235

 

 

$

300

 

Municipal obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

 

420,066

 

 

 

5,042

 

 

 

399,787

 

 

 

1,978

 

 

 

819,853

 

 

 

7,020

 

Commercial mortgage-backed securities

 

 

458,855

 

 

 

3,971

 

 

 

14,896

 

 

 

207

 

 

 

473,751

 

 

 

4,178

 

Collateralized mortgage obligations

 

 

89,689

 

 

 

1,315

 

 

 

184,389

 

 

 

1,827

 

 

 

274,078

 

 

 

3,142

 

Corporate debt securities

 

 

1,467

 

 

 

33

 

 

 

 

 

 

 

 

 

1,467

 

 

 

33

 



 

$

998,312

 

 

$

10,661

 

 

$

599,072

 

 

$

4,012

 

 

$

1,597,384

 

 

$

14,673

 

 

Held-to-maturity Securities [Member]  
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]  
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

Debt Securities Held to Maturity

 

Amortized

 

 

Fair

 

(in thousands)

 

Cost

 

 

Value

 

Due in one year or less

 

$

2,199

 

 

$

2,191

 

Due after one year through five years

 

 

189,341

 

 

 

201,759

 

Due after five years through ten years

 

 

622,579

 

 

 

683,858

 

Due after ten years

 

 

635,542

 

 

 

665,785

 

Total held to maturity securities

 

$

1,449,661

 

 

$

1,553,593

 

 

Securities with Unrealized Losses

Held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2020

 

Losses < 12 months

 

 

Losses 12 months or >

 

 

Total

 



 

 

 

 

 

Gross

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Gross

 



 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

(in thousands)

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

U.S. Treasury and government agency securities

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Municipal obligations

 

 

 

 

 

 

 

 

2,893

 

 

 

16

 

 

 

2,893

 

 

 

16

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

$

 

 

$

 

 

$

2,893

 

 

$

16

 

 

$

2,893

 

 

$

16

 

 

Held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

Losses < 12 months

 

 

Losses 12 months or >

 

 

Total

 



 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

Gross

 

 

 

 

 



 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

(in thousands)

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

U.S. Treasury and government agency securities

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Municipal obligations

 

 

4,735

 

 

 

38

 

 

 

3,143

 

 

 

31

 

 

 

7,878

 

 

 

69

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial mortgage-backed securities

 

 

28,426

 

 

 

581

 

 

 

 

 

 

 

 

 

28,426

 

 

 

581

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

49,110

 

 

 

458

 

 

 

49,110

 

 

 

458

 



 

$

33,161

 

 

$

619

 

 

$

52,253

 

 

$

489

 

 

$

85,414

 

 

$

1,108